Jushen Logistics Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	149.23	180.8	236.03	317.81	323.28
Cash & Short-Term Investments	149.23	180.8	236.03	317.81	323.28
Cash Growth	-17.46%	-23.40%	-25.73%	-1.69%	308.15%
Accounts Receivable	355.4	138.53	93.57	93.68	103.29
Other Receivables	32.5	16.98	20.4	22.94	17.62
Receivables	387.9	155.51	113.98	116.62	120.91
Inventory	30.3	6.67	21.39	34.35	61.99
Prepaid Expenses	-	-	-	0.01	-
Other Current Assets	90.94	35.36	18.2	16.28	20.2
Total Current Assets	658.37	378.34	389.6	485.07	526.37
Property, Plant & Equipment	760.21	715.37	513.01	534.2	300.94
Goodwill	0.18	0.18	0.18	0.18	0.18
Other Intangible Assets	213.35	218.93	180.74	115.93	119.24
Long-Term Accounts Receivable	-	14.07	14.57	15.25	-
Long-Term Deferred Tax Assets	10.28	5.56	5.63	2.55	1.16
Long-Term Deferred Charges	132.85	140.18	149.35	86.73	73.98
Other Long-Term Assets	258.19	0.63	33.49	21.54	5.64
Total Assets	2,033	1,473	1,287	1,261	1,028
Accounts Payable	162.09	102.27	35.32	97.29	30.4
Accrued Expenses	33.42	18.56	15.22	12.32	9.79
Short-Term Debt	157.36	119.02	154.43	170.47	91.29
Current Portion of Long-Term Debt	39.56	17.78	6.59	-	-
Current Portion of Leases	54.06	15.41	12.09	6.65	3.84
Current Income Taxes Payable	17.55	10.38	8.52	6.44	5.12
Current Unearned Revenue	41.75	27.28	19.51	13.15	7.13
Other Current Liabilities	87.42	54.88	18.95	20.51	9.22
Total Current Liabilities	593.21	365.58	270.64	326.84	156.78
Long-Term Debt	457.75	151.69	122.27	83.31	-
Long-Term Leases	136.53	191.11	155.01	155.44	138.09
Long-Term Unearned Revenue	4.79	-	-	-	-
Long-Term Deferred Tax Liabilities	0.05	0.01	-	0.01	0.15
Total Liabilities	1,192	708.39	547.91	565.6	295.02
Common Stock	166.69	128.8	128.8	128.8	128.8
Additional Paid-In Capital	371.64	405.98	405.98	405.98	405.98
Retained Earnings	316.86	244.38	200.7	158.48	196.17
Treasury Stock	-9.47	-30.48	-	-	-
Comprehensive Income & Other	3.87	3.53	3.18	2.61	1.56
Total Common Equity	849.59	752.21	738.66	695.87	732.5
Minority Interest	-8.5	12.65	-	-	-
Shareholders' Equity	841.1	764.87	738.66	695.87	732.5
Total Liabilities & Equity	2,033	1,473	1,287	1,261	1,028
Total Debt	845.25	495.01	450.38	415.88	233.21
Net Cash (Debt)	-696.02	-314.21	-214.35	-98.07	90.07
Net Cash Per Share	-4.23	-1.93	-1.27	-0.58	0.58
Filing Date Shares Outstanding	165.2	164.19	164.19	167.44	167.44
Total Common Shares Outstanding	165.2	164.19	167.44	167.44	167.44
Working Capital	65.16	12.75	118.96	158.23	369.59
Book Value Per Share	5.14	4.58	4.41	4.16	4.37
Tangible Book Value	636.06	533.09	557.73	579.76	613.08
Tangible Book Value Per Share	3.85	3.25	3.33	3.46	3.66
Buildings	364.04	332.6	259.81	133.97	16.6
Machinery	393.04	287.89	164.12	114.79	87.69
Construction In Progress	41.25	18.13	19.7	197.55	88.83

Source: S&P Global Market Intelligence. Standard template. Financial Sources.